First Data Corporation

Philip T Mellinger

Robert George Degen

Brian Prendergast

Duane Ritter

Methods and systems are provided for assessing a security risk for a merchant entity having connectivity to a shared network. Information describing characteristics of the merchant entity are received from the merchant entity. A determination is made which test requirements of a security test scheme are to be used in assessing the security risk for the merchant entity. The security test scheme includes a set of test requirements whose satisfaction by the merchant entity is sufficient to ensure compliance with a multiple sets of security requirements defined by multiple payment-processing organizations. The security test scheme is executed with a security compliance authority server in accordance with the determined test requirements.

Methods and systems for performing security risk assessments of internet merchant entities

Systems and methods for evaluating transactions to determine if suspicious activities are possibly present. Various methods include providing a reference designator list with information associated with one or more suspicious activities. Using the reference designator list, a first and a second transaction systems are evaluated. Various systems include two or more transaction systems utilizing information from a fraud detection system.

System and method for detecting fraudulent calls

A method of monitoring financial transactions includes periodically receiving a list of target account identifiers at a processing server and periodically transmitting the list to each of a plurality of platform servers. The platform servers are each configured to receive transaction information that includes transaction records of financial transactions. The transaction records include account identifiers used in the transactions. The platform servers are configured to search the transaction information for transaction records having a target account identifier from the list. The method also includes receiving at the processing server an alert that the platform server has identified a transaction record having a target account identifier. The alert including transaction data from the transaction record. The method further includes transmitting from the processing server a notification based on the alert that a target account identifier has been identified in a transaction record. Analogous systems are also provided.

Credit card transaction tracking systems and methods

A system and method that determines when fraudulent activity, such as relates to a credit card, etc., may be imminent. The system and method of the invention allows for warning a credit issuer of probable fraudulent activity at an early stage. Probable fraudulent activity is determined by: receiving at a receiving center an authorization request from a user for a dollar amount; and determining, using a fraud test, if the authorization request is likely to be indicative of fraudulent activity.

Identifying and notifying credit card issuing banks of an increased risk of credit card fraud. An early warning system assists credit card transaction processors and credit card issuing banks reduce occurrences of credit card fraud. By analyzing transaction data and credit card account information, an authorization decision is made and transmitted to the merchant. The authorization decision either approves or denies the credit card transaction. Conventional authorization systems employ a security code that can be transmitted with an authorization request to limit authorization to transactions including the proper security code. Because some issuing banks do not utilize the security code system, they are exposed to an increased risk of credit card fraud. The early warning system can be used to monitor the authorization decisions that are transmitted by the processor to the merchant. By compiling data on the occurrences of mismatches between an expected security code and the security code provided by the authorization request, the early warning system can notify processors and/or issuing banks that they are exposed to an increased risk of credit card fraud. Additionally, the early warning system can detect attempts by credit card thieves to identify exposed banks. Detected attempts at credit card fraud can also be used to initiate investigations to apprehend credit card thieves.

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Ellicott City, MD, United States of America

Philip T Mellinger